Scottish Power fixed price to 2011

joe2cool

mute_posting wrote: »

8.5% now (fixed to 2011) versus possibly 35% later in the year - I know what my choice is (done)

Also as I understand there is no lock-in so if you can fix cheaper elsewhere later on, you can switch again if it suits

Glad to hear no lock in .....is that for sure?

mute_posting

joe2cool wrote: »

Glad to hear no lock in .....is that for sure?

It has been mentioned a couple of times oearlier in this thread and on another thered I think

joe2cool

Cheers ...........

Gambler

mute_posting wrote: »

8.5% now (fixed to 2011) versus possibly 35% later in the year - I know what my choice is (done)

Also as I understand there is no lock-in so if you can fix cheaper elsewhere later on, you can switch again if it suits

If it was 8.5% difference for me I would be very tempted. I have recently changed to Eon online v5 and my annual fuel bill is £1,000. If I were to move to SP fixed I would be paying £1,300 which is too much of an increase to sway me.

Also beware you can't transfer this deal if you move house.

ads_2

I've just phoned scottish power with the intention of moving from my present tariff (online energy saver 4) to the fixed until 2011 tariff.

The guy I spoke to told me the difference in unit price was considerable, in the region of 40%. He then told me the unit costs of both my present tariff and the fixed tariff and to be honest the difference looks more like 20%. This still seems quite a big difference.

I guess he may not have been comparing like with like. But if the difference is genuine I don't think I'll be fixing.

[Deleted User]

ads wrote: »

I've just phoned scottish power with the intention of moving from my present tariff (online energy saver 4) to the fixed until 2011 tariff.

The guy I spoke to told me the difference in unit price was considerable, in the region of 40%. He then told me the unit costs of both my present tariff and the fixed tariff and to be honest the difference looks more like 20%. This still seems quite a big difference.

I guess he may not have been comparing like with like. But if the difference is genuine I don't think I'll be fixing.

40% sounds very high. Am I looking at the wrong figures, or have I got my calculations wrong?

I've got here (I'm currently on Online Energy Saver 4 dual fuel, monthly DD, SWEB area, looking to switch to the fixed rate with the same features):

Energy source  Old T1  New T1  %inc  Old T2  New T2  %inc
Electricity    15.384  17.273  12.3   7.933   9.627  21.4
Gas             3.304   3.998  21.0   2.769   2.769   0.0

Maybe it's different in different areas, but 40%? That sounds wrong.

lolly5648

I'm on Online Energy Saver 4 and currently pay £403 for electricity and £855 for gas which is £1258 p.a. If I switch to the fixed price it will cost £1419 p.a. which seems a lot more.

I dont think I should switch - all comments welcomed

mute_posting

Marvin_the_Martian wrote: »

Maybe it's different in different areas, but 40%? That sounds wrong.

Different supply areas have different prices / increases - I believe when a company says it is putting it prices up by x%, that is just an average of all the areas.

So it is possible in some areas (that have possibly been very cheap previously) the increase cound be almost 40%

waterstar

Marvin_the_Martian wrote: »

40% sounds very high. Am I looking at the wrong figures, or have I got my calculations wrong?

I've got here (I'm currently on Online Energy Saver 4 dual fuel, monthly DD, SWEB area, looking to switch to the fixed rate with the same features):

Energy source  Old T1  New T1  %inc  Old T2  New T2  %inc
Electricity    15.384  17.273  12.3   7.933   9.627  21.4
Gas             3.304   3.998  21.0   2.769   2.769   0.0

Maybe it's different in different areas, but 40%? That sounds wrong.

I'm in the Seeboard area and on the existing SPower "Online Energy Saver 4 dual fuel DD" tariff, my comparison of Online Energy Saver 4 versus "Fixed to 2011" is as follows for what it is worth:

My annual spend under SPower "Online Energy Saver 4 dual fuel DD" tariff,

(all totals before VAT and Dual fuel and DD discounts)

Electricity: £314
Gas: £817
TOTAL: £1131

on the Fixed to 2011 Tariff (N.B Totals are the same whether I go on the "No Standing Charge" or "Standing Charge" tariff)

Electricity: £393
Gas: £837
TOTAL: £1230

Increases
Electricity: £79 (25.3%)
Gas: £20 (2.4%)
TOTAL: £99 (8.8%)

Analysing the differences, the price of gas is effectively the same on both the "Fixed to 2011 Tariff " and the "Online Energy Saver 4 dual fuel DD" tariff, subject to a charge of £1.50 per month for being on the fixed tariff.

Whereas the price of electricity is significantly greater on a per unit basis.

I don't know if this applies across all areas, but 8.8% (if I have done my sums correctly) seems a small premium to pay for certainty over the next three winters especially if I can opt out if the prices should fall.

Rumman

lolly5648 wrote: »

I'm on Online Energy Saver 4 and currently pay £403 for electricity and £855 for gas which is £1258 p.a. If I switch to the fixed price it will cost £1419 p.a. which seems a lot more.

I dont think I should switch - all comments welcomed

You have a price increase of 161 pounds per year similiar to us, if prices are to rise by 35% this would be a 440 pound increase. Even if it isn't by that much i'm sure the energy prices will rice, so if currently if your on the cheapest supplier go to SP, and if there are price increases in the next 6 months by a considerable figure you can be quids in and then do a comparison again to check who's the cheapest after the latest price increase.